Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 52-Week High – Time to Buy?

Morguard Real Estate Inv. (TSE:MRT.UN) hit a new 52-week high on Wednesday . The stock traded as high as C$7.09 and last traded at C$7.09, with a volume of 1100 shares. The stock had previously closed at C$7.00.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their target price on Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$6.00.

Morguard Real Estate Inv. Price Performance

The firm has a 50-day simple moving average of C$6.70 and a two-hundred day simple moving average of C$6.57. The company has a market capitalization of C$473.44 million, a price-to-earnings ratio of 354.50 and a beta of 0.01. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.

Morguard Real Estate Inv. (TSE:MRT.UN) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.09 EPS for the quarter. The business had revenue of C$60.05 million for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. As a group, analysts predict that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal year.

About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.